THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 128(2) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 12.1 thereof,
Whereas:
(1)
Decision (EU) 2015/2332 of the European Central Bank (ECB/2015/43) establishes rules related to the procedural framework for the approval of the volume of coin issuance.
(2)
The Governing Council considers that the power to adopt decisions on annual and ad hoc approval requests for the volume of coin issuance submitted by Member States whose currency is the euro should be delegated to the Executive Board when no modification of the requested volume of coin issuance is required.
(3)
Where the Executive Board considers that the volume of coin issuance requested by one or more Member States whose currency is the euro needs to be modified, it should submit a reasoned proposal explaining the required modifications to the Governing Council, and the Governing Council should remain competent for the adoption of a decision.
(4)
Therefore, Decision (EU) 2015/2332 (ECB/2015/43) should be amended accordingly,
HAS ADOPTED THIS DECISION: